Personal Insurance Made Easy
Your Family Deserves the Best
AUTO & RECREATIONAL
VEHICLE'S INSURANCE
* Limited Liability
* Uninsured/Underinsured Motorist
* Comprehensive Coverage
* Collision
HOME INSURANCE
* Dwelling
* Personal Property
* Liability/Medical expenses
* Weather Damage
* Flood Insurance
* Landlord Insurance
* Renter’s Insurance
Why is Auto Insurance Necessary?
Having insurance for your vehicles is essential because it covers your expenses in the event of vehicle damage or injuries to other drivers, passengers or pedestrians. All motorists MUST be insured against their liability to other people, as required by the Road traffic Act of 1988. It's the law.
What You Need to Know About Homeowner's Insurance
Homeowners insurance covers damages caused by unforeseen circumstances, such as fires or natural disasters. The policies also cover loss or damage of personal property due to theft or other events. Unlike driving a car, you can legally own a home without homeowners' insurance. However, if you finance your home with a mortgage, your lender most likely will require you to have home insurance coverage and show them as protected for a complete loss of property.
Renters Insurance---You need renters’ insurance to protect your personal belongings in the evet of a fire, theft, or damage within the property that you are renting. You also need the liability coverage for damages caused by negligence.
Health Insurance Can Be Very Expensive
Most people cannot afford to pay the high cost of health care on their own. That’s where health insurance come in. You pay a premium each month, and your insurance company pays for a portion of the covered medical cost. The insurer may be able to negotiate better rates from the doctors and other healthcare provides. So instead of you paying hundreds of dollars in out of pocket costs for doctor visits, or thousands for a surgery, you pay a lesser amount depending on the plan that you select.
Other types of health insurance may cover more than just medical services;
Prescription drugs | Dental care | Vision care
Life Insurance Can Be Very Confusing
However, as we grow older, get married, build families and start businesses, we come to realize more and more that life insurance is a fundamental part of having a sound financial plan. Depending on your type of policy, life insurance is fairly cheap, which means there’s NO excuse not to get coverage now. Plus, over the years, you’ll find comfort in knowing money will be available to protect your loved ones in the event of your passing.
Here are a few other reasons why having life insurance is important;
- To protect your family and loved ones
- To leave an inheritance
- To payoff debts and other expenses
- To add more financial security
- Finally, to bring peace of mind
When shopping for life insurance it is important to first consider what it is you are trying to accomplish.
Consider these questions:
Are you trying to protect your family from future financial hardship?
Are you looking to utilize your life insurance policy as an investment?
Are you looking to help your family pay off the mortgage or college tuition for the kids?
Each of these questions lead us to different life insurance strategies. A good insurance agent will ask you several questions about your financial situation, family needs and health status. All of these questions will direct us towards the very best way to protect your family with the least amount of financial outlay.
There are many different life insurance policies, but here are the 3 most popular:
- Term Life: these policies are the most affordable and great for the younger person who doesn’t have a lot of extra money but needs to protect his family in the short term. It is also great for the family that has a solid financial plan but wants to have a policy that will pay the house off or allow for his or her children to get through college without being concerned with the cost.
- Universal Life: these policies are perfect for the family that wants an affordable policy that is sure to be around when the insured person passes away. These policies carry very little cash value and are not a good buy for people looking to use life insurance as an investment. Universal Life is the most cost effective strategy to ensure a death benefit whenever the insured were to leave us.
- Whole Life: A Whole Life policy has a lot of flexibility in the way it is funded and would be the best of the three for those that would like to use their life insurance policy as an investment.
Regardless of your age, financial situation or health…a life insurance strategy is a critical conversation you must have with your insurance professional. We welcome the opportunity to share our knowledge with you.
Have more questions?
We can help, just let us know where to contact you.
CONTACT US
(915) 542-0900
info@joebernalins.com
11380 Montwood Drive Suite B1,
El Paso, TX 79936
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